Cancer battle triggers Kermode's resignation as Cabcharge chairman

Cabcharge boss Reg Kermode is standing down as chairman as he fights an "aggressive form of cancer".

ABC TV

Cabcharge's Reg Kermode has announced he is quitting as chairman to fight an aggressive form of cancer.

The company says Mr Kermode was advised last Thursday that recent surgery had resulted in the discovery of an "aggressive form of cancer", and that "some difficult weeks and perhaps months lay ahead of him."

Cabcharge says Mr Kermode informed it that he thought it would be in the best interests of the company that he stood down to allow the board to consider a way forward.

Mr Kermode will cease being chairman on May 12 after 39 years of continuous service with the company, but he will stay on for some time longer as chief executive to assist the new chairman and a new CEO through the transitional process.

Cabcharge has given no indication of how long Mr Kermode will remain as CEO.

The company's shares slipped somewhat on the news, and were down 2 per cent at $3.86 by 1:24pm (AEST).